Apartment house for sale in Petrovac — 670,000 euros
The perfect investment offer in Petrovac! An apartment building located in one of the most picturesque resorts in Montenegro is for sale. The house is a three-storey building with a total area of 833 m2 on a plot of 587 m2 and includes 19 apartments, which makes it an excellent investment object.
The main characteristics of the property
Price: 670,000 euros
Number of floors: 3 floors
Total area of the building: 833 m2
Land area: 587 m2
Number of apartments: 19 apartments
Division into blocks: 8 blocks (each is registered separately and can be sold in parts)
Communications: electricity (64 kW), centralized water supply, septic sewerage
Parking: available
There are two blocks on each floor: one block includes two apartments, the other — three apartments. These blocks can be fenced off from the common space by adding private corridors, which allows them to be divided for separate living or rental.
Advantages of real estate
All apartments are renovated, fully furnished and equipped with household appliances, including modern kitchen appliances and heating systems. Each apartment has a spacious terrace with magnificent sea views, which gives special value to those who are looking for a cozy home with a view of nature.
The house is located just 500 meters from Lucice beach, one of the most beautiful and secluded beaches on the coast of Montenegro. The path to the beach passes through a picturesque olive grove, which makes the walk pleasant and picturesque.
Usage possibilities
This property offers great opportunities for both rental and resale of individual blocks. Dividing the building into blocks allows you to sell apartments separately, which increases the profitability of the project. Depending on the season, the average income from renting apartments can be 800-1200 euros per month.
The house is also great for those who are looking for the opportunity to create a family business for the management of a hotel or apartment. The attractiveness of Petrovac for tourists ensures a high demand for rent, especially in the summer season.
Real estate investments and residence permits
When buying real estate in Montenegro, foreign citizens can obtain a residence permit (residence permit). This provides access to long-term residence in the country, as well as simplifies doing business and access to local social and medical services.
Real estate market in Montenegro: price growth
Montenegro is one of the most popular destinations for real estate investments due to its resort status and lenient legislation for foreign investors. Over the past 5 years, the average increase in real estate prices on the coast has been 6-10% per year. This makes the purchase of real estate in Petrovac a promising investment with a long-term potential for increasing value.
Conclusion
Real estate in Petrovac is an ideal opportunity for those who are looking for high—yield investments in Montenegro. The proximity to the sea, the developed infrastructure and the possibility of dividing the building into separate blocks make this house an excellent investment object.
